Bengal Chemicals earns 120 year-high income of `95 crore in April-Dec

Kolkata: Bengal Chemicals & Pharmaceuticals Ltd (BCPL) has registered its highest-ever income in its 120 years of history, by earning Rs 95.5 crore in the first nine months of the current fiscal against Rs 94.8 crore in the entire 2017-18 financial year.

"The company also registered a profit of Rs 15 crore during the April-December 2018-2019 period against Rs 10 crore profit in the entire 2017-18," BCPL managing director P M Chandraiah said.

Bengal Chemicals had reported a net loss of Rs 36.55 crore in 2013-14, but since then the company has not only made a turnaround but is also steadily improving its profits, he said. During the last 2 years, Bengal Chemicals +has prepaid bank loan of Rs 28 crore which was drawn in 1983, Chandraiah said.

Chandraiah also said he had written to the Ministry of Chemicals and Fertlizers for pay-scale revision of its 250 employees to bring salaries on par with the 2007 pay scales of public sector employees.